{"id":3057,"date":"2020-12-10T12:48:06","date_gmt":"2020-12-10T12:48:06","guid":{"rendered":"https:\/\/r02fi4ct8m.wpdns.site\/provisional-tax-2nd-installment-payable-until-31-december-2020\/"},"modified":"2025-05-30T11:59:20","modified_gmt":"2025-05-30T11:59:20","slug":"provisional-tax-2nd-installment-payable-until-31-december-2020","status":"publish","type":"post","link":"https:\/\/www.gstaxconsultants.com\/ru\/provisional-tax-2nd-installment-payable-until-31-december-2020\/","title":{"rendered":"PROVISIONAL TAX: 2nd INSTALLMENT PAYABLE UNTIL 31 DECEMBER  2020"},"content":{"rendered":"<p>We would&nbsp;like to inform you that the <strong>second installment of the &#8220;Provisional Tax 2020&#8221;<\/strong> <strong>is payable until 31 December 2020.<\/strong><\/p>\n<p>The provisional tax is calculated on the profits that are expected to arise in the year 2020 for companies and self-employed persons.<\/p>\n<p><strong>**Remember that the corporate tax rate is 12.5%.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The late submission of the return and the late payment of the installments are liable to a penalty of 5% plus interest of 1.7% on the payable amount.<\/p>\n<p>Legal entities and self-employed who expect to have profits in the year 2020 and do not pay provisional tax will be liable to 10% additional tax on the tax payable for the specific year. The same applies for provisional tax payments that will not cover at least the 75% of the final profit for the year 2020.<\/p>\n<p>You are therefore advised to estimate your company\u2019s and\/or personal taxable profits (if self-employed) for the year 2020 and the relevant tax thereon and inform us as soon as possible of your expectations.<\/p>\n<p> You can contact us for information at <a href=\"mailto:marketing@gstaxconsultants.com\">marketing@gstaxconsultants.com<\/a><\/p>\n<p><a href=\"https:\/\/www.gstaxconsultants.com\/ru\/provisional-tax-2020\/\">Find previous announcement circulated for Provisional Tax 2020<\/a><\/p>\n<p style=\"text-align: center;\">&nbsp;******************<\/p>\n<p style=\"text-align: center;\">Globalserve Consultants Ltd is a licensed provider and accounting firm in Cyprus specializing in company registration in Cyprus and other jurisdictions, banking and <a href=\"\/ru\/services\/accounting-vat\/\">accounting services<\/a>. Find more information in <a href=\"https:\/\/www.gstaxconsultants.com\/ru\/changing-fiscal-and-banking-international-environment-2\/\">our services<\/a> and register to receive our newsletters and tax alerts www.gstaxconsultants.com<\/p>","protected":false},"excerpt":{"rendered":"<p>We would&nbsp;like to inform you that the second installment of the &#8220;Provisional Tax 2020&#8221; is payable until 31 December 2020. The provisional tax is calculated on the profits that are expected to arise in the year 2020 for companies and self-employed persons. **Remember that the corporate tax rate is 12.5%.<\/p>","protected":false},"author":7,"featured_media":2968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-3057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/comments?post=3057"}],"version-history":[{"count":1,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3057\/revisions"}],"predecessor-version":[{"id":3278,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/posts\/3057\/revisions\/3278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media\/2968"}],"wp:attachment":[{"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/media?parent=3057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/categories?post=3057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstaxconsultants.com\/ru\/wp-json\/wp\/v2\/tags?post=3057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}